Agentic AI is ushering in a CPU 'renaissance'

What happened: Citi analyst Atif Malik upgraded AMD's price target, citing a CPU "renaissance" driven by AI agents such as Meta's Muse and OpenAI's Dots. Key numbers: Malik wrote the total CPU market should expand from $29 billion in 2025 to $300 billion in 2030. Why it matters: Malik expects AMD to be the key beneficiary of the CPU renaissance and Intel a secondary beneficiary. Bank of America analysts cited rising AI agent adoption, AI lab competition, and limited chip supply as positives.

Citi analyst Atif Malik upgraded AMD's price target, citing a CPU "renaissance" driven by AI agents such as Meta's Muse and OpenAI's Dots.

Malik expects AMD to be the key beneficiary of the CPU renaissance and Intel a secondary beneficiary. Bank of America analysts cited rising AI agent adoption, AI lab competition, and limited chip supply as positives.